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US stocks, the dollar and long-dated Treasury yields fell after President Trump's failure to pass healthcare reform in Congress. Investors worried that his fiscal stimulus plans would be hard to deliver.
The dollar fell to its lowest since November against a basket of currencies, and safe-haven assets such as gold and the yen gained.
Doubts over fiscal stimulus weaken the dollar, which tends to support dollar-priced commodities, though the broader impact on feed markets is modest.
timesofmalta.comMar 28, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
